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In today's REI Hot Seat spotlight, I'm breaking down the playbook for Canadians eyeing the U.S. real estate scene, with a laser focus on Cape Coral, Florida. Leveraging Zillow and other digital tools, I've mapped out how to uncover and analyze prime investment spots. Cape Coral's overflowing inventory? That's our gold mine, packed with deals waiting to be clinched by those ready to act.
Financing might seem like a hurdle, but it's nothing a few clever strategies can't handle. We're talking about properties that have lingered on the market, smart pricing analysis, and making "subject to" mortgage deals work in our favor. It's about being savvy with public records, skip tracing to reach owners directly, and customizing offers to fit the seller's needs.
So, if you're set on marking your territory in the U.S. market, let's dive into the tactics that turn challenges into opportunities, all from a Canadian lens.
E072 - The Canadian Investor’s Tools for U.S. Real Estate Success
0:51 - Introduction to Investing in the U.S. as a Canadian 1:10 - The Allure of U.S. Real Estate for Canadians 1:38 - Case Study: Cape Coral, Florida 2:31 - Using Zillow for Market Research 3:21 - The 'Subject To' Investing Strategy 4:19 - Leveraging Public Records for Due Diligence 5:26 - Skip Tracing and Contacting Property Owners 6:18 - Tailoring Offers Based on Seller's Situation 7:28 - Opportunities and Challenges of Market Transparency 8:15 - Strategies for Finding Motivated Sellers and Making Offers 10:30 - Wrap-Up and Call to Action
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Andrew's linktree : https://linktr.ee/theandrewhines REI Hot Seat Instagram: https://www.instagram.com/reihotseat/
Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.
Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.
His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.